Hiding Behind The Curtain: Too Big To Fail Financial Crisis Part Deux

“Many governments are talking about the crisis behind-the-curtain and we are now beginning to see steps that are being taken to end the TOO-BIG-TO-FAIL policies that dominated the 2007-2009 Crash.” –ArmstrongEconomics.Com

Non Virtuous Global Economy

AKA, Ponzi Economy.

The 2007-2009 financial crisis had governments bailing out the banksters, preparations were made for the depositors to bail-in the banks when the next crisis occurs.

If you still have major portions of your savings and assets in the banks you have great risk!

Below are some recent financial Headlines that all signal the precarious “global markets” (IMS) being manipulated by the central banks.

[Ed. NOTE: I post recent Headlines merely to document what the MSM deceivers are flooding the collective consciousness with. Please remember that so-called “NEWS” are rumors until verified by you. See what else the banksters are hiding…]

INDIA:

Nirav Modi fraud case and India’s bank debt crisis – BBC News
[ http://www.bbc.co.uk/news/world-asia-india-43123337 ]
2 days ago – The biggest news story in India over the last week has centred around a billionaire jeweller, Nirav Modi, who has allegedly defrauded one of India’s largest banks of more than a billion dollars. Columnist Vivek Kaul explains why the case could be just a sign of a far deeper problem in India’s banking system.

Punjab National Bank (PNB) is India’s second largest government-owned bank with assets of around $111.7bn (£79bn) as of 31 March 2017. The total amount of the alleged fraud has been estimated to total $1.8bn.Read More…
#

Expectations for rate hikes are building after minutes of the Reserve Bank of India’s Feb. 6-7 meeting released Wednesday showed there was concern that inflation already running at faster than 5 percent will accelerate. Onshore markets are pricing in an increase of about 45 basis points in the benchmark repurchase rate over the next 12 months, said Vivek Rajpal, a rates strategist at Nomura Holdings Inc. in Singapore.

India’s public finances are worsening after deficit targets were widened in the budget this month and amid concern over the inflationary impact of rising oil prices and wage hikes for millions of government employees. State-run banks, the biggest holders of sovereign notes, have turned net sellers this year after being hurt by losses. With no local interest and foreigners hemmed in by limits, there doesn’t seem to be any buyers for the debt.

NEW DELHI (Reuters) – Weeks after India unveiled a $32 billion bailout of state-run banks, top finance ministry officials and bankers will meet this weekend to discuss lending reforms designed to prevent another bad loans crisis.

(Bloomberg) The RBI has had enough of soured loans coming to light when it’s too late.
By Andy Mukherjee 13 Feb 2018 – The Indian central bank is shutting down its halfway houses for debt addicts. In the process, it’s also throwing out an infuriating alphabet soup: CDR, SDR, S4A and their ilk.

Lenders will now have a much cleaner – and stricter – system for dealing with distressed large borrowers. If they still try to hide bad loans, the Reserve Bank of India will whack them.

The timing of the change is interesting. Late last week, State Bank of India posted an unexpected quarterly loss, its first in 17 years. New Chairman Rajnish Kumar disclosed $3.6 billion in additional bad loans as of March 31 last year, and made $2.8 billion in loan-loss provisions, a 145 percent jump from a year earlier.

Investors have resigned themselves to being told lies by Indian banks about asset quality…

Bailey, 37, is applying for bankruptcy as Cerberus Capital Management LP chases 56,000 euros ($69,000) in mortgage arrears after buying her loan from Royal Bank of Scotland Group Plc’s Ulster Bank unit. She also lost the house she built with her husband.

“They were very aggressive from the start,” said Bailey, who is vice-chairwoman of the Social Democrats, a small opposition party. “It was hard to contact them, and when we got through, all they were interested in was what we could pay them now.”

It may be almost a decade since the worst real estate crisis in western Europe engulfed Ireland, but the shakeout is still going on. While in Greece, the political attention is on bribery allegations and taxation as the country tries to emerge from its economic meltdown, in Ireland it’s all about the private equity firms that bought bad mortgages.

Turkey Will Be Ground Zero in the Next Global Debt Crisis
By James Rickards 21 Feb 2018

The flood of bank lending and direct foreign investment has given rise to another flood of hot-money portfolio investors in Turkish stocks chasing high returns with cheap dollar funding in a variation of the global carry trade. So-called emerging-market (EM) funds offered by Morgan Stanley, Goldman Sachs and others are stuffed full of Turkish stocks and bonds.
[…]
Turkey’s external dollar-denominated debt is so large that a combination of rising U.S. dollar interest rates and a slowing global economy could quickly turn Turkey from model EM to the canary in the coal mine of the next great global debt crisis.
[…]
Turkey’s debt is huge, one of the highest debt burdens of any EM. Turkey owes $450 billion to foreign creditors, of which $276 billion is denominated in hard currency, mostly dollars and euros. The remainder of $174 billion is denominated in Turkey’s local currency, the lira.
Both kinds of debt are problematic. The lira debt is a growing burden because lira interest rates have skyrocketed from 6% to 12% in the past five years.

The foreign currency debt is problematic for two reasons. The first is that the lira has devalued from 1.75 to 3.89 to the dollar since 2013, which increases the amount of lira needed by local companies to repay their external debt. The second reason is that U.S. and euro interest rates are starting to rise, which also makes the external debt burden more difficult to service.

CHINA

(FORBES) – China’s “shadow banking” sector has long been regarded as the unstable slope on China’s debt mountain, just waiting for some change in the weather or distant tremor to bring it all crashing down. Before 2011 “shadow banking” was not particularly significant, but as the liquidity crunch took hold, it became an important conduit for finance. As the name implies, shadow banking happens out of sight, or at least, outside the purview of regulators, and consequently is usually thought of as an activity that is tolerated by the state, but happens between private actors. Traditionally understood, “shadow banking” is banking-like activity conducted by unregulated institutions or in unregulated conditions, which in China mainly comprises a range of activities from wealth management products to investment trusts.

In China this has generated, at least in part, the notion of an expanding economy beyond the auspices of the state planners.
Therefore as concerns have previously been raised about the rapid rise of shadow banking transaction volumes, they have been accompanied by an economy that seemed to be growing steadily.

What’s The FED Hiding Now?

The criminal executives at the Federal Reserve are hiding so much that it is amazing they continue to hide even more!
Who can TRUST the banks?
Therefor, who can TRUST the governments that are funded by the banks?

Talking about Lost Confidence.
Hmm, at their finger tips they fund & control weapons of mass destruction…
…

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I don’t know about the other articles, Ron, but re the one on Turkey, the writer, James G. Rickards “is the editor of Strategic Intelligence. He is an American lawyer, economist, and investment banker with 35 years of experience working in capital markets on Wall Street. He was the principal negotiator of the rescue of Long-Term Capital Management L.P. (LTCM) by the U.S Federal Reserve in 1998. His clients include institutional investors and government directorates. His work is regularly featured in the Financial Times, Evening Standard, New York Times, The Telegraph, and Washington Post, and he is frequently a guest on BBC, RTE Irish National Radio, CNN, NPR, CSPAN, CNBC, Bloomberg, Fox, and The Wall Street Journal. He has contributed as an advisor on capital markets to the U.S. intelligence community, and at the Office of the Secretary of Defense in the Pentagon.”
I would seriously distrust someone like that!
To take just one point from his article:
“the lira has devalued from 1.75 to 3.89 to the dollar since 2013, which increases the amount of lira needed by local companies to repay their external debt.”
How do Turks use their lira to pay foreign creditors? I believe there has been a concerted attack on the Turkish Lira by the financial elite in the “money markets”. They want to punish Turkey for their government’s independent stance on issues dear to the hearts of the money elite!

LOL, I thought about you when I wrote that.
I hope your comment was for others who read comments 😉
I think you know from my countless posts stating all news must be treated as rumours until verified.
I average posting current news headlines about once per month, to intentionally record what the deceivers (news) are saying to the masses. I was aware of the professional career of Jim Rickards and he isn’t to be trusted, just the same as the other news articles.
However, the Banksters will crash the markets and declare an emergency along with banksters’ “holiday” when they choose and from behind the cover of some other kind of catastrophe, so the MSM NEWS can drown out all who blame the real cause, the IMS finance ministers. (Never blame the banks, protect the IMS forever.)

Most nations are drowning in debt and Turkey is not alone…

Who is ready for the IMS “reset”?

Censorship Is Here

The video below show the current escalation censorship and the gatekeepers are attacking alternative narratives and independent media.

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Free Software Foundation
Free software is a matter of liberty, not price. Think of “free” as in “free speech,” not as in “free beer.” Free software is a matter of the users’ freedom to run, copy, distribute, study, change and improve the software. The Free Software Directory cat

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GATA
GOLD ANTI-TRUST ACTION COMMITTEE; organized in the fall of 1998 to expose, oppose, and litigate against collusion to control the price and supply of gold and related financial instruments.

Israel Today
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